Latest posts
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HassConsult Bets on Social Connection to Drive Kenya Property Values
Kenyan property developer HassConsult is betting that social connection and resident experiences can become a new source of value in a housing market traditionally driven by location, size and specifications. The company has introduced Elevate by Hass, a resident-experience platform that brings fitness, wellness, dining, entertainment, work and community activities into its residential developments. The…
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Zamara Secures Amethis Investment to Accelerate Digital and Pan-African Expansion
Pan-African financial services group Zamara has secured an investment from Africa-focused private equity firm Amethis as it prepares to accelerate spending on technology, digital capabilities and expansion across the continent. The companies announced the completion of the investment on September 9, marking a new phase for the Nairobi-based group, which has grown from an actuarial…
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Absa Bank Kenya Appoints Yusuf Omari CEO After 17 Years as CFO
Absa Bank Kenya has appointed Yusuf Omari as Managing Director and Chief Executive Officer, formally ending his stint as the bank’s interim CEO and putting a veteran executive with more than two decades of banking experience at the helm. Omari takes up the position with immediate effect after receiving the required regulatory and internal approvals.…
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KCB Group Makes Forbes’ 2026 List of World’s Top Performing Banks
KCB Group has been included in Forbes’ inaugural World’s Top Performing Banks 2026 ranking, placing the Kenyan banking group among 500 financial institutions selected from 89 countries. The Forbes ranking is different from the publication’s annual World’s Best Banks list, which is based largely on customer surveys. The new ranking instead uses financial data to…
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Uchumi Supermarket reopens two Nairobi branches amid turnaround push
Kenyan retailer Uchumi Supermarket has reopened two branches in Nairobi as part of efforts to revive operations after years
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Nigeria’s Zenith Bank wins approval to buy Kenya’s Paramount Bank
Nigeria’s Zenith Bank Plc has won regulatory approval to acquire 100% of Kenya’s Paramount Bank Ltd, clearing the way
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Afreximbank ends Fitch credit rating relationship
African Export-Import Bank (Afreximbank) said on Friday it had terminated its credit rating relationship with Fitch Ratings
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EABL says Bia Tosha’s court case unaffected by Asahi acquisition
East African Breweries Limited (EABL) has issued a statement in response to a court matter filed by former distributor Bia Tosha
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AfDB approves $60 million trade finance guarantee for Equity Bank to boost Kenyan SMEs
The African Development Bank (AfDB) has approved a $60 million trade finance guarantee facility for Equity Bank (Kenya)
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Java House expands to Ruaka & Eldoret, growing 102-store network
Java House, East Africa’s casual dining brand, has opened two new full-service branches in Ruaka and and Eldoret